Bimal Jalan panel holds first meet to examine reserve size of RBI, dividend to be given to govt; report likely in April
• 6 years agoThe government and the RBI under previous governor Urjit Patel had been at loggerheads over the Rs 9.6 lakh crore surplus capital with the central bank.
All Indians should be concerned, says former RBI chief Raghuram Rajan on Urjit Patel's resignation
• 6 years agoWith regard to powers of the RBI board, Rajan said there is "an extreme" change in the nature of the governance of the RBI for the "board to become an operational board, that is to make operational decisions".
Political expediencies can't dictate capital buffer for banks, says senior Reserve Bank of India official
• 6 years agoIn the comments that come amid repeated demands from key finance ministry mandarins to lower the core capital requirements and align it to the global levels, the RBI official suggested that the debate over capital buffers itself is irrelevant, and the numbers 8 or 9% does not matter
No liquidity crisis for any segments except gems and jewellery sector, says govt nominee on RBI board
• 6 years agoThe spike in the cost of funds is due to an increased risk perception, and not due to lack of liquidity in the system.
Reserve Bank of India needs its current reserves, says Governor Urjit Patel to Parliamentary Panel
Fp Staff • 6 years agoUrjit Patel, who appeared before the Parliamentary Standing Committee on Finance on Tuesday to brief on demonetisation and NPA situation in the public sector banks, among other issues
Expert panel on Reserve Bank of India's economic capital framework likely to be formed this week
• 6 years agoIn its nine-hour meeting held last week, the Reserve Bank of India's board had decided to constitute a committee of experts to examine the ECF
Expert panel to examine Reserve Bank of India's economic capital framework to be formed within a week
Fp Staff • 6 years agoThe government and the central bank will jointly decide on the members of the panel and the scope of the panel, the RBI said in a statement late on Monday.
RBI Board meet: Central bank agrees to support small businesses, ease capital norms for banks
• 6 years agoThe board of the RBI advised it to act to support small businesses and give banks more time to step up capital norms
RBI said 'Yes' to demonetisation, but didn't approve of govt claims on black money, fake currency, says report
Fp Staff • 6 years agoThe minutes of the 561st meeting of the RBI’s Central Board, held at 5.30 pm on 8 November 2016 reveal that the central bank directors had cautioned the government that demonetisation “will have a short-term negative effect on the GDP for the current year”
Urjit Patel vs govt: Did Nachiket Mor’s abrupt sacking from RBI's central board worsen the tension?
Dinesh Unnikrishnan123 • 6 years agoThe removal of Nachiket Mor half-way through his tenure is a rare incident in the RBI and would certainly have not gone down well with the central bank's top brass